Don't Be Disenchanted With Disney

Even with shares near an all-time high, "spectacular growth in free cash flow" should lead to more magic for investors.

From Mickey Mouse to Cinderella and Yoda, Disney isn't just a trip down memory lane. It's a wise investment for the future.

With its film studios, cable channels, theme parks and retail stores, Walt Disney (ticker: DIS) should benefit from an improving economy. And given the impressive value of its library and the competitive dominance of its sports network ESPN, the media powerhouse should continue to beat the market.